[1dunkthefunk1]

@selinatan said:
What Is the answer for the benefit / purpose of professional code of ethic for referee, should I use fundamental principle to answer / business code of ethic, because i wonder whether the referee (which is senior manager) is professional accountant ?

As for the benefit a few ideas I put forward:

Clear guidance on best practice
Provides examples
States NFA’s value & ethics
Defines corporate culture / sets organisational tone

As mentioned above, I believe overall the paper was fair however heavily time pressured.

[1dunkthefunk1]

Okay, sure that makes sense

Thank you

[1dunkthefunk1]

Thanks Heroevc.

Perhaps left it a little bit late.

Struggling to understand a scenario whereby rules / law would be new to a member of senior management team and therefore Pre-Conventional.

[1dunkthefunk1]

Forecasting has practical application in most financial planning & analysis teams. Modern firms update their annual budget using forecasts quarterly to confirm targets remain relevant, accurate and fair.

I would imagine given that strategy is forward looking that a question might invite the use of linear regression (simple) or time series (factors seasonality) to provide a projection.

I think the point of this is exam is not to necessarily understand the maths but more how they can be applied to equip stakeholders with an outlook in a changing environment.

CSF’s & KPI’s can be linked with Mission Statements too, this was assessed in a previous exam paper.

[1dunkthefunk1]

Some great suggestions above.

For me at least:

Q1 50 Marks

A question that requires the use of:

S – PESTEL / 5 Forces / Diamond
A – Mendelow / Cultural Web or Organ Config / Finance analysis ratios
F – Some variation to apply 9M’s

Optional questions:

Integrated reporting
Value chain
Project Management (Probably for an e-business)

Obviously this is completely speculative but they seem to be fairly hot topics.

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